Affordable Housing - Detroit
-
Adaptive Reuse Sparks Opportunity in Detroit
Developers and investors showed attendees at the 2018 ULI Spring Meeting how they are converting vacant or obsolete properties into new uses to spur further investment in the city.
04 May 2018 15:19 -
Hunt Mortgage Provides Refi for 2 MI Affordable Properties
The $9.5 million investment in Joseph's Run Apartments in Midland and Roxbury Court Apartments in Clio will be used to refinance both properties.
05 January 2018 23:45 -
Greystone Enters Michigan Market with New JV
The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.
21 July 2017 18:54 -
Affordable Housing Portfolio Secures $142M in Financing
Harmony Housing tapped KeyBank Real Estate Capital to provide loans to six of its properties, located in Texas, Michigan, Wisconsin and Florida. Each property reserves half of the units for residents making 60 percent of the area median income.
18 July 2017 14:23 -
Greystone Provides $79M FHA Loan for Michigan Portfolio
The portfolio includes both market-rate and affordable housing communities that will be renovated using the funds. Most of the properties are owned by the Altman Cos.
05 July 2017 18:27 -
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
26 June 2017 16:59 -
City of Detroit Invests $1.6M in Revitalization of Four Neighborhoods
The planning and design contracts refer to housing, reimagining open land, leveraging economic development and more.
09 December 2016 14:46 -
218 Micro-Lofts Coming to Downtown Detroit
The 28 Grand mixed-use development is scheduled for completion in the summer of 2017.
14 November 2016 12:21 -
Develop Detroit Launches First Communities
The non-profit development firm has acquired two multifamily buildings in Detroit’s New Center area, which it plans to renovate and expand.
30 September 2016 16:44 -
City of Detroit Replaces Wigle Rec Center with Residential Units
The redevelopment of two key city-owned parcels will bring 200 new residential units to Midtown Detroit, including affordable apartments.
29 September 2016 12:43 -
UnitedHealthcare Bets $17M on Affordable Housing
Two new developments will provide housing and support services for low- and moderate-income individuals, families and veterans in Michigan.
05 August 2016 12:36 -
The Fitzgerald Project, Detroit’s Premiere in Urban Development
The Fitzgerald Revitalization Project focuses on 100 vacant buildings and 257 empty lots that will be converted to productive landscapes.
13 July 2016 11:54 -
Develop Detroit’s Sonya Mays: ‘There’s an Abundance of Opportunity Here’
Executives of a new nonprofit discuss their innovative strategy for brightening the city’s residential picture.
07 July 2016 08:48 -
JPMorgan Chase Announces New Investments in Affordable Housing
The banking company is moving forward with its $100 million commitment to help accelerate Detroit’s economic growth.
23 May 2016 15:25 -
City of Detroit Gets an Extra $42M in Demolition Funds
The U.S. Treasury Department and the Michigan State Housing Development Authority approved additional funds for the city’s blight removal initiative, which will now expand to 90 percent of Detroiters.
12 May 2016 12:45